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LaAmistad Annual Gala - Celebrating Atlanta Heroes -September 26, 2020

 


"An elegant evening of dinner, dancing, and celebrating Atlanta Heroes"

September 26, 2020

Four Seasons Hotel Atlanta

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Donor Advised Funds
A donor-advised fund, or DAF, is a philanthropic vehicle established at a public charity. It allows a donor to make a charitable contribution to that public charity and be eligible for an immediate tax deduction, then recommend grants to qualified charitable organizations over time.

Since the initial contribution to the DAF is eligible for tax deduction, the donor cannot receive any goods or services. Event tickets and sponsorships are not eligible for DAF donations because they contain benefits that are not tax deductible. Also, a DAF cannot be used to pay a personal pledge made by the donor.

 
Donors who give through a private foundation, donor-advised fund, Benevity and other similar organizations cannot receive any goods or services because the initial contribution is eligible for a tax deduction. Event tickets and sponsorships are not eligible for directed gifts outlined above because they contain benefits that are not tax deductible.

Many employers have moved to utilizing third-party vendors, such as Benevity, to facilitate workplace giving and matching gift campaigns. Charitable giving through these vendors carries the same tax implications as donor-advised funds. If you have any questions about a donor-advised fund or one of these vendors, please contact Anna McGee-Blackburn at ablackburn@laamistadinc.org.
 
 
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